Jim O’Neill: BRICs, MINTs strong despite emerging market wobbles
LAGOS (Reuters) – The large, fast-growing emerging market countries dubbed the BRICs and MINTs are still likely to be the most promising investment destinations over the next decade, despite emerging market turbulence, Jim O’Neill, who coined the terms…
Wall St. arbitrator booted for fake credentials heard nearly 40 cases
(Reuters) – The outcomes of nearly 40 securities arbitration cases dating back more than 15 years and involving some of Wall Street’s most well-known brokerages could be compromised because one of the arbitrators who heard them allegedly lied about bei…
Ex-Goldman director Gupta’s insider trading conviction upheld
NEW YORK (Reuters) – A federal appeals court upheld the conviction of former Goldman Sachs Group Inc director Rajat Gupta, one of the biggest successes in federal prosecutors’ long-running probe to stop insider trading on Wall Street.
U.S. consumer confidence hits six-year high in March
NEW YORK (Reuters) – U.S. consumer confidence rose in March to its highest in more than six years as expectations brightened, according to a private sector report released on Tuesday.
MF Global trustee may sue Corzine, others over collapse: judge
NEW YORK (Reuters) – Jon Corzine, the former MF Global Holdings Ltd chief executive, and two former colleagues failed to win the dismissal of a lawsuit by a trustee seeking to hold them responsible for the futures brokerage’s rapid demise and bankruptc…
USDA expects higher U.S. food price inflation in 2014
WASHINGTON (Reuters) – Various measures of U.S. food price inflation are expected to rise by 2.5 to 3.5 percent in 2014, roughly in line with the historical norm after price increases were tepid in 2013, the U.S. Department of Agriculture said on Tuesd…
U.S. home prices rise in January: S&P/Case-Shiller
NEW YORK (Reuters) – U.S. single-family home prices rose in January and slightly beat expectations, a closely watched survey said on Tuesday.
Ex-Deutsche banker left notes before killing himself: London inquest
LONDON (Reuters) – A retired Deutsche Bank executive, William Broeksmit, killed himself after leaving several suicide notes for family and friends, an inquest in London ruled on Tuesday.
RBS in contact with Sumitomo over Citizens sale: sources
LONDON/TOKYO (Reuters) – Royal Bank of Scotland has had contact regarding the possible sale of its U.S. retail business Citizens with Sumitomo Mitsui Financial Group , while Mitsubishi UFJ Financial Group has also considered a bid, people with knowledg…
European shares rebound; euro, pound steady
LONDON (Reuters) – European shares rebounded on Tuesday as investors tried to take advantage of a drop in prices caused by geopolitical tensions and doubts about global growth.
